DJI technically downtrend
Analysis 1
DJI doesn't break the DAY and 1HR Trend line.
seems sell retracement.
once cross down and sustain 33500 means the fall down to 33350.... 33350 to 33200 is demand zone...if the demand zone invalided means the price fall down to 33000...
(a) sell stop risk entry 33600 safe entry 33450
targets 33350/33250/33150/33050
buy stop...
DJI has been in consolidation for almost 4 trading days, but the overall trend/channel is downwards, expect huge selloff, once the consolidation is broken downwards. very high risk to reward
It's 11th August here in India, 10th August is the trading day in USA. Dow has been in a very tight trading range for nearly 7 trading sessions. It is remarkable however that it is trading above its key support levels of 34500. Waiting eagerly for its breakout in either direction which will propel a strong rally of 1000-2000 points in DOW JONES index and will be a...
Risk 0.5%
TP1 = 1:1 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
considering the two pivot points in the last few trading sessions, DJI has formed consecutive lower highs and lower lows, thus a possible new downward channel.
currently, the price is at 200 ma, which could act as a support and give a pull up.
35,400 is a good resistance level.
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Range Bound Between 35200 to 35650.
Bullish to Sideways for Today in this range.
Strong Support from 35200 to 35000.
if break 35000 than only can see trend reversal till than Dow is in Up-trend.
DOW weekly charts on the verge of ATH breakout ... Expecting 15% upside in next 7/8 Months time period.
With Fed Rate Hikes at end of further increase & DOW inching towards ATH ... we can see BULLISH markets globally for next 7/8 Months.
Nifty 15% from Current Levels gives targets of 22800 by Budget 2024.
Happy Diwali in Advance to all my Investor Friends/Followers.
head and shoulder breakout seen in this and head bottom @ trendline support and right shoulder bottom @ also on trendline support
buy us30 34300 add more 33950 closing stoploss below 33778 tg 34918-35506-36896
Dow Jones looks good on weekly timefreame . It made an inverted Head and Shoulders pattern and given breakout with bullish candle.
#Resistance Level :- 35431, 35828, 36000
#Stoploss Level :- 34762-34475 strong support level
#Entry :- Above 35000
#Stoploss :- 34369 strictly follow SL.
#Target :- 35925 is first Target and second Target above...
